Malabar Hill Capital Acquires Development Site From Signorelli Companies In Porter For $5.5M
22410 Eastex Freeway
$3,100,000
$22/SF
Building Size
139,392 SF
Asset Type
Development Site
Closing
Oct 1, 2025
AI
The property asset involved in this transaction is a development site located at 22410 Eastex Freeway in Porter. The total building square footage (BSF) is 28,800, with a land size of 139,392 square feet.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Buyer: Malabar Hill Capital
- Seller: Signorelli Companies
- Brokers: Alex Kelly, Elizabeth Clampitt, Simmi Jaggi & Karina Weathers - JLL
- Date of Transaction: 10/02/2025
The transaction was facilitated by a team of brokers from JLL, including Alex Kelly, Elizabeth Clampitt, Simmi Jaggi, and Karina Weathers, who represented the parties involved in this deal.
Players
Humble Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93